Member Info for Tman75

Sophisticated troller?

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There would surely be protections in the PSC for companies otherwise a host country could deem whatever they like after a sizable find . Years of arbitration, court cases.....’

True. Besides that no new investor would dare to invest if a gvmt isn’t trustworthy. Not smart with several blocks in offering.

Best wat for gok would be tonbecone a trusted partner for tullow showing all new investors what they could be part of.

Thanks for explaining

From the update: ‘In Gabon, the Falcon NE infrastructure led exploration (ILX) prospect on the DE8 licence will be drilled during the first half of 2025. The Sarafina ILX well, drilled in 2024, found hydrocarbons and work is ongoing with the operator to evaluate the commercial potential.’

Why is it relevant to mention this of all of Gabon is sold? Or is it?

Anton, This was also my take from the update . Tlw seems to be very confident about Jubilee after the 4D seismic. Could be 3fold: source of issue with j69 is known (was alteady known) and they are fixing it, reserves are back to what they were before and new wells (1 producer) in 2025 Will enhance production.

Thanks

Xxjr, where did you find this: ‘

Côte d’Ivoire (524 & 803) -$15.5m as"No further activity planned following unsuccessful farm-down efforts‘.

Someone else Here on the board Said this week that Cote d’ivoire was ‘very promising’.

Just the uncrossing trade

What do I miss: simplisticly 10k (Some say 12, rns says10k), at oil price of 70$ that would mean 300 mln profit in 18 months time. (Not exactly sure what costprice oil for tlw in Gabon is) But even in 24!months. Seems a lowball price And makes me wonder how that will be rationalised tomorrow.

Maybe they’re very confident about getting Jubilee Bach up to 100k

19…. Raises the question if selling it makes sense then for that price. I think not

Xx that was 2021. Considering inflation 400 mln would not be that good.

What is the costprice of a barrel for tullow in Gabon?

Xx agree that it is water under the bridge now but the timing is interesting. Kos wanted (??) possible merger Just before quite Some positive noise from Kenya. Maybe they wanted tojump on the bandwagon. Also they probably know Jubilee has Some issues but these Will be fixed in 2025.

Interesting to hear about issues with Well J69.

Furthermore I rhought the 4D seismic survey, Besides the support for selection of future drilling candidates and well placement was also intended to optimize pressure support across the field to maximize production and minimize decline.

Positive News on 26’s would als be very welcome

Sounds from Kenya are very different than before and very positive indeed.

Besides that Jubilee will be interesting to watch.

USA have even bigger Debt!

The 10k and 60k are hardly the big bonusses that were promised to him. So no worries.

There are no oilers that are debtfree. Even the superoilers have debt.so dont overdoses on that. Tlw’s debt is significantly down n vomparison to few years back and way lower than KOS for instance.

Even with lower lower low end of production estimates it should be feasable for TLW to refinance the 26’s.

Second , TLW doesnt have to take on the Kenya project allone. There is enough pie to go around. Its all about agreements, shares of said pie, riskant, challenges and rewards. What we see now is that Kenya government is getting more involgde AND Deens to be successful in mitigating some of the known risks and challenges in this project.

This change is there and in the open and Will surely attract interest from investors. Now , how the pie Will be devided is another thing I can not say anything about but I am ‘betting’ that it will be done this time.

Hoe much time does that normaly take?

Has there been any News about Gabon anywhere?

From nov Tullow update:

Additionally at Simba, a discovery was made on the Sarafina infrastructure-led exploration (ILX) well and work is ongoing with the operator to determine commerciality.

Nice find gadget